$BTC 255 million dollars in long put options put Bitcoin in the spotlight. Data from Cointelegraph Markets Pro and TradingView showed that the BTC/USD pair surpassed nearby resistance to reach $106,500, with a 1.7% increase on the day.

The movement triggered short liquidations, something commentators had already anticipated.

The monitoring resource CoinGlass showed that liquidity was being replenished in the order books of the exchanges.

BTC liquidation heatmap (screenshot). Source: CoinGlass. Now, attention is focused on the sustainability of the rise. As traders began to notice, an unknown entity had entered.